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PORTLAND-Insignia/ESG is branching out in Portland. Heretofore focused mainly on the office properties that comprise its managed portfolio, Insignia has hired its first industrial broker in George Slevin, most recently an industrial broker with Macadam Forbes and prior to that with Colliers International.

Steve Klein, head of the local Insignia office, tells GlobeSt.com that Insignia has been strong in the marketing of properties mainly because office comprises the bulk of its managed portfolio. “George gives us greater depth as we grow our platform,” says Klein. “He will be instrumental in growing our presence in the industrial market.”

Slevin, who has several clients on the tenant rep side, tells GlobeSt.com that although Macadam Forbes has one of the city’s top industrial teams, Insignia is an opportunity for him to work for a full-service company, which could mean more options for his clients and more opportunity for him to do more volume and possibly co-invest in Insignia development projects. “It’s an opportunity to go to the next level,” says Slevin.

Insignia has been luring brokers away from other firms up and down the West Coast over the past several months, making a concerted effort to expand during this economic contraction in hope of adding market share when economy recovers.

Earlier this week, GlobeSt.com broke news in the Bay Area that a team of seven industrial and R&D brokers from the San Jose office of Grubb & Ellis left to set up shop at Insignia for similar reasons as Slevin. In January, GlobeSt.com again broke news that Insignia had started an investment brokerage division in San Francisco by luring Bob Gilley away from Cushman & Wakefield, where in 2000 he and then-partner Jeff Congdon sold nearly $1 billion of institutional quality real estate.

Also that month, Insignia ended a long search for someone to lead its Portland, Ore., operation by luring Steven Klein away from Trammell Crow, where he was an executive vice president and principal in charge of industrial and brokerage operations and responsible for developing numerous projects while also building the company’s brokerage services department. In February, GlobeSt.com broke news that Kidder Mathews Segner, one of the Seattle’s oldest, largest and most productive commercial real estate services firms, had agreed to join Insignia’s Strategic Services Provider Program.

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